The resolution proposes a five-year term for all members of the Senate and the House of Representatives, as well as for local officials. They can serve for up to three consecutive terms
President Rodrigo Duterte earlier this year admitted that passing federalism— one of his main campaign promises in the 2016 elections— would remain shot as many Filipinos still do not support the proposed shift.
"The Congress shall, upon recommendation of the economic and planning agency, when the national interest dictates, reserve to citizens of the Philippines or to corporations or associations at least sixty per centum of whose capital is owned by such citizens," read the resolution.
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